- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

HMRC likely to review QROPS tax stance, say experts

HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a “wide review” into how overseas pensions are taxed

Britain to mull new laws on tax evasion

Britain's government will consider introducing a law which would punish banks and accountants for helping people evade tax in the wake of the HSBC SwissLeaks claims

George Osborne says HSBC tax evasion prosecutions not his job

The chancellor says the allegations are very serious but that such decisions are a matter for the prosecuting authorities

Algeria, Great Britain Sign Non-Double Taxation Agreement

This agreement, between the Algerian and British governments, is meant to encourage trading and investments between the two countries.

Singapore, France sign pact for Avoidance of Double Taxation

Singapore and France signed an amended Agreement for the Avoidance of Double Taxation to lower withholding tax rates for dividends and new anti-abuse provisions.

Are you now or have you ever been…? Andrew Hubbard, Baker Tilly

The hysteria provoked by the recent HSBC data theft brings to mind some of the excesses of the McCarthy era. Yes, there is a real debate to be had, but in such a febrile atmosphere, individuals, businesses and UK plc could all be caught in the crossfire.

Bank’s film schemes set up to avoid tax

HSBC’s London office earned millions of pounds in fees by creating some of Britain’s largest tax avoidance schemes

Foreign government requests for tax information up 45% in a year, says HMRC

Figures obtained by Pinsent Masons showed a 45% increase in the number of requests for information made by overseas governments as part of their own tax evasion investigations in 2013.

AEOI: tax reporting doesn’t have to be taxing – by Colin Camp, Dion Global

With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed.

HMRC to close tax relief scheme

High-net-worth investors using property tax relief schemes without proper advice may get hit with requests for accelerated payment, Marios Gregori, tax partner at BDO, has warned.

Three UK Banks To Award £2.5bn-Plus Bonus Pot

Barclays, Lloyds and RBS are poised to announce aggregate bonus awards of approximately £2.8bn, Sky News learns.

Treat tax dodgers more harshly than benefit cheats, says Guardian/ICM poll

New poll in the wake of HSBC revelations finds 52% of voters want less mercy shown to rich avoiding their dues

Cypriots with deposits abroad have paid €7.5m tax

Tax Commissioner Yiannakis Lazarou told MPs that between 2006 and 2012, authorities found 3,353 Cypriots with deposits abroad, taxing them €7.5 million in total.

French dispute claims they effectively blocked prosecutions linked to the HSBC allegations

French authorities have disputed the Coalition Government's claims they effectively blocked prosecutions linked to the HSBC tax avoidance allegations

The major Irish firms in tax haven territory

Some of the biggest listed Irish firms have subsidiaries in so-called 'tax havens', like the British Virgin Islands, Jersey or Luxembourg. They say it's not to reduce their tax bills - so why are they there?

Labour donor transferred shares to Liechtenstein and Jersey and later sold some for reported £37 million

When Sir David retired as chairman of Minerva in 2005, it was reported that his family trust sold 13.4 million shares in the company

Pre-election tax relief jitters may drive IFA sales

Originally introduced in 2008, the relief was initially capped at capital gains of £2m, but was subsequently raised to £10m.

Tax evasion is not a victimless crime by George Bull

With the top 10% of income tax payers paying more than 55% of the UK’s income tax, we ask why politicians continue to portray these people as not paying their ‘fair share’.

HM Revenue to chase £20m in Jersey-based HSBC accounts

A former member of staff told The Independent that there were “skeletons in the closet” dating from before the financial crisis.

UK Tax Authority To Expand Scope of Investigation Into HSBC Accounts

UK tax authority will expand the scope of its investigation into Swiss tax accounts held with HSBC, the BBC has learned.